Henderson US Opportunities Downgraded

The loss of portfolio manager Cory Gilchrist has prompted Morningstar fund analysts to downgrade Henderson US Opportunities

Holly Cook 27 October, 2011 | 4:23PM
Facebook Twitter LinkedIn

Morningstar fund analysts have updated their research on 10 funds available for sale in the U.K. in the past week. Following their reviews, the analysts have downgraded one fund on the back of the portfolio manager's departure, initiated coverage of a global equity offering, and updated their views on eight others.

Click on the name of the fund below to read the Morningstar Research Report for that fund. Download details of the Morningstar Qualitative Rating including methodology here. To access the full list of recently-updated Morningstar Fund Analyst Reports, please click here. Morningstar Research on Funds, ETFs and Stocks is available to Morningstar.co.uk Premium subscribers.

Initiations
Veritas Global Equity Income (Superior)
Excerpt from report: Veritas Global Equity Income’s focus on a high and growing yield without compromising capital growth make it a strong choice for investors seeking returns across the market cycle.

Upgrades
None.

Downgrades
Henderson US Opportunities (Standard)
Excerpt from report: Following the announcement that Cory Gilchrist, portfolio manager of the Henderson US Opportunities fund, has resigned from Marsico Capital Management, subadviser of the strategy, we have downgraded the fund to Standard. The fund previously held a Superior rating.

Updates
BlackRock Global Equity (Superior)
Excerpt from report: BlackRock Global Equity changed for the better in 2007 with a new team and process. We continue to like this team's approach.

Fidelity South East Asia (Superior)
Excerpt from report
: This is a superb offering in the region.

Henderson Gartmore Continental European (Superior)
Excerpt from report
: The fund is a compelling offering in the sector.

Invesco Euro Corporate Bond (Superior)
Excerpt from report: This is a strong long-term choice for investors seeking an actively managed corporate bond fund.

Newton Real Return (Superior)
Excerpt from report
: This is a strong choice for investors seeking a fund that focuses on capital preservation and delivering positive absolute returns over the longer term.

PIMCO GIS Global Hi Yield Bond (Superior)
Excerpt from report: PIMCO GIS Global High Yield has performed as expected; we're confident overall about the future prospects for this offering.

Schroder ISF Euro Equity (Standard)
Excerpt from report: Schroder ISF Euro Equity has had a promising start under its new manager; however, it is too early to have high conviction.

Veritas Global Focus (Superior)
Excerpt from report: This is a strong choice for investors seeking a global equity fund that offers protection in falling markets and keeps pace in rising markets.

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

About Author

Holly Cook

Holly Cook  is Manager, Morningstar EMEA Websites